Equities analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will announce earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Urban Outfitters’ earnings, with estimates ranging from $0.59 to $0.65. Urban Outfitters reported earnings of $0.41 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 53.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 19th.
On average, analysts expect that Urban Outfitters will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.75. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.58 to $3.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Urban Outfitters had a net margin of 4.71% and a return on equity of 18.92%. The company had revenue of $992.50 million for the quarter, compared to analyst estimates of $980.19 million. During the same period in the prior year, the business earned $0.44 earnings per share. Urban Outfitters’s quarterly revenue was up 13.7% on a year-over-year basis.
URBN has been the topic of a number of research reports. BidaskClub upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Loop Capital set a $55.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, August 13th. Robert W. Baird downgraded shares of Urban Outfitters from an “outperform” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price target on shares of Urban Outfitters from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Finally, SunTrust Banks boosted their price target on shares of Urban Outfitters to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and an average target price of $45.83.
In other Urban Outfitters news, CEO Trish Donnelly sold 19,332 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $46.10, for a total value of $891,205.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in Urban Outfitters by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock valued at $881,000 after purchasing an additional 1,107 shares in the last quarter. Advisors Preferred LLC increased its stake in Urban Outfitters by 50.2% in the second quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock valued at $169,000 after purchasing an additional 1,264 shares in the last quarter. Hartford Investment Management Co. increased its stake in Urban Outfitters by 11.4% in the third quarter. Hartford Investment Management Co. now owns 12,800 shares of the apparel retailer’s stock valued at $524,000 after purchasing an additional 1,309 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Urban Outfitters by 16.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,625 shares of the apparel retailer’s stock valued at $435,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock valued at $116,000 after purchasing an additional 1,541 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.
Shares of URBN stock traded down $0.92 during trading hours on Friday, reaching $40.44. 2,111,280 shares of the company were exchanged, compared to its average volume of 2,276,952. Urban Outfitters has a fifty-two week low of $24.58 and a fifty-two week high of $52.50. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.20 and a beta of 0.54.
About Urban Outfitters
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
See Also: What is a stock split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.